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that the government draw $2 billion from royalties that the government receives for offshore drilling. researchers would attempt to find new ways to lower the cost of cars that run on alternative fuel sources. a closely watched case involving the drug industry will be heard by the supreme court tomorrow. generic drugmakers could soon make it harder for consumers to sue for a drug's side effects. under federal law, generic and brand name drugs are required to have the same warning label. now, generics are attempting to decrease liability over any harmful effects. generic companies say the industry is unable to change the product due to those federal standards. a hidden affordable care act fee is popping up for u.s. employers. the $63 fee will apply to plans covering millions of americans in 2014. it applies to employers who take on workers' medical bills and some private plans sold by insurers. the fee will be smaller in 2015 and 2016. meanwhile, the aca is projected to help 30 million uninsured americans. hedge fund manager carl ichan is pumping up his position in herbalife. according to reports,
anti-government views. a lead investigator says a motive for the shooting may never be known. >>> now to washington, d.c., where the house of representatives passed legislation today to keep the government funded through the end of september. that bill now goes to the president to be signed into law, averting a possible government shut down. also, one day after rejecting a spending plan for the senate for next year, republicans in the house passed their own budget plan put together by congressman paul ryan of wisconsin. that plan would cut spending, defund the president's healthcare plan, and privatize medicare. >> repealing obama care means more jobs and lower healthcare costs for the american people. >> the first vote was about substance. the second was about keeping government open. we want to remove all doubt, that for whatever our disagreement on some of these bills, it was worth it. >> it leaves in place $85 billion in cuts to the pentagon and domestic programs. >>> new at 10:00, a series of concerted needed to raise money for the america's cup is raising concerns among those wh
in the month ahead or so, the formation of the italian government, which is, i think, going to be very important for italy and for the eurozone going forward. aside from that, we have some regional fed manufacturing reports. and again, this is the end of the first quarter. we are up about 10% in the dow, and about 9% in the s&p. that is not a bad year this quarter i'd say. > what do you suspect will happen, because it is the end of the quarter here. will there be window dressing for instance? > > i think the window dressing part, that has always... the under-invested managers, the under-invested investors, if you will, are going to keep this, so my guess is we are probably going to go out on a top tick, if you will, for the end of the quarter. and then the second quarter, this is usually where the trouble starts. in this recent cycle off the lows the past several years, the second quarter has usually been the one where we have kind of topped out and backed off somewhat. so, i think we will have to our head out for that as we head into may. > where are some places where you would invest
on government oversight' says that when employees leave big banks for government service, those banks often provide those departing employees preferential financial treatment. the study says that "in exchange, the companies may end up with friends in high places." well, for now, a government shutdown has been averted in washington. the house has approved a temporary spending plan to fund the federal government until october. president obama is expected to sign the legislation soon. meanwhile, $85 billion in federal cuts continue to take effect. 1 million federal employees still face unpaid time off. also in washington, the house has approved representative paul ryan's controversial budget. through $4.6 trillion in spending cuts, the bill aims to balance the federal budget in ten years. it would repeal the affordable care act and turn medicare into a voucher program. house speaker john boehner said ryan's budget helps balance the federal budget. "the american people overwhelmingly support balancing our budget, a budget senate democrats are considering never balancing. that means more debt, f
financial hard-liners, but cypriots who think government-insured deposits aren't as safe as they thought may be followed by savers in spain or italy who fear the same fate and withdraw as much as they can. cyprus' parliment delayed a vote on the bailout terms, which may be modified. but it may be too late. some believe a lot of foreign money has already left cypress for dubai and singapore. jack lew arrives in china today as he starts his first international trip as treasury secretary. lew will meet with officials in new president jinping's administration and reportedly press them to crack down on cyber attacks aimed at the u.s. he is also expected to lobby about the value of china's currency. during his trip, lew will no doubt continue to keep a close eye on the situation in cyprus. the treasury department issued a statement saying lew has been speaking with his european counterparts. ratings agencies are facing harsh criticism in europe. a watchdog group revealed this week that ratings agencies have "shortcomings." those agencies, including fitch, standard & poors and moodys, have all been
, deutsche bank and u-b-s are being sued. this is the first government backed lawsuit of the libor scandal. meanwhile, fannie mae says its "weighing the possibility of a lawsuit." in france-- police searched the home of imf chief christine lagarde. investigators poked around lagarde's paris apartment for clues about her role in compensation paid to a french business man reports say lagarde is accused of giving him preferential treatment in deal/ she denies any wrongdoing. solar panel company suntech has declared bankruptcy. after defaulting on a large payment to bondholders, banks have pushed the company into bankruptcy court. a glut of competition in the solar panel industry hurt prices, and contributed to the companies' collapse. its stock currently trades near 59 cents. among stocks sensitive to what's going on with the economy... fed ex shares hit a road block with investors-- falling-- more than 7 dollars yesterday.. after the company revealing profits fell 30% last quarter wtih weakness in asia. the company also pulled back on its full year forecast. shares of caterillar lost mor
will at least vote to avert a government shutdown. when it comes to infrastructure, america gets a d+. the american society of civil engineers gives the nation low marks, warning roads, dams, waste systems and especially levees are all in need of massive upgrades. it's predicted the u.s. will need to spend $3.6 trillion on upgrades by 2020. currently, federal funding has only allotted $1.6 trillion. perpetually crowded new york city is getting even more so. for the first time since 1950, more people are moving into the city than leaving it. its population is now estimated at more than 8 million people, an all-time high. it's a trend that new york real estate pro anthony lolli says could be a buy signal for home shoppers. "the question you want to ask yourself is, is a property going to be worth more money in two years? and the answer to that is 'yes,' so it is a good time to buy." all five of the city's boroughs have increased in population. the gettin's good if you're a farmer selling your land. farmland prices are soaring to record levels. in nebraska, the price for irrigated land
spending bill that would fund the government through september. that would avoid a partial federal shut down, as well as soften the blow for spending cuts. the senate measure now heads to the house. >>> the federal reserve is standing by its plan to keep short-term interest rates at record lows. the fed issues a statement side saying the economy has strengthened but still needs support toey lower unemployment. it plans to keep interest rates low until unemployment falls to 6.5%. the rate is now at a now year low at 7.7%. >> this will also help push for stocks. nasdaq rose. >>> shopping made easier, the new program, major big box retails preparing to offer in the south bay. >>> in heyward, the downtown hoop is getting some action. the project wrapped up, converted several major two way streets to one way streets. the cities it's received e-mails both praising and criticizing it. the drivers aren't n place aren't enough, some drivers say. the cities it's working on it. >> the concern is having valid with the changes that have been made not having the signs up to make it a little bit more
, and likely avoided a government shut down next week. the vote was 73-26 to lock in $85 billion in federal spending cuts. those cuts will remain in place at least until september 30, which is the end of the budget year. the house is expected to pass that measure, possibly by tomorrow and president obama has signaled he will sign it. >>> singer michelle shocked released a letter today saying she was sorry about the comments she made about gays and lesbians in a recent concert in san francisco. she said she does not believe god hates homosexuals, she says she was describing the intolerance and fears of others. here is a portion of what she said. >> we are at nearly the end of times. once preachers are held at gunpoint, and forced to marry the homosexuals i'm pretty sure that that will be the signal for jesus to come on back. >> reporter: in her letter, the singer wrote, my statement aequating the repeal of prop 8 with the end of times was neither literal or nor ironic. >>> 52-year-old joel coffman is accused of molesting one teenage boy, and secretly filming another in a bathroom. coffman co
to the marketplace. >>> one reason they are attractive these days compared to government bonds and pass book saving accounts that pay nothing if you are willing to take a little bit of a risk in the stock market you really can make some money. >> we could have up to 33ipos raising about $8.5 billion in revenues, that is positive for the market. >> the only worry that investors drove marins prices artificially high like facebook. that is lingering below the initial offering price. back to you. >>> it looks like tkpwaog sell is hopping on the smart watchband wagon. the company is exploring making a watch with android technology that would connect with its smart phone. google has made a splash with the internet connected glasses thank you see there. they are already in the works. apskpel samsung are working on watches. no word when the google watch could hit the market. >>> the camp susabout to get more crowd -- campus is about to get more crowded. they posed with their shovels. the mission hall global health science building will house faculty. the staff building is set to be completed next year. the
baptist patriots.. the world governing board of swimming,fina, has banned the speedo l-r-z racer swim suit fina says the ban is because of the significant rise in world records broken after the high performance suit was introduced in 2008. update news asked sjsu women's swim team members for reaction. ">>>erika harvey/junior and anthropology major- "i wore the suit a couple of times and i did swim faster.but i think that was a coincidence because after the suits were banned, the next couple of weeks i had beaten those times." caitlin lipton/swimmer and psychology major- "the ban of those suits was a little unfair because people who got opportunities to wear them, it was a little bit harder."" the san jose state women's swim coach says banning the swim suit gets back to the purity of the sport where the person who is going to win is the one who worked the hardest and has the best technique. let's get ready to rumble. at sjsu...boxing has been a club sport for decades. at one point in time...it was a nc- double-a sport. a tragic event in the ring changed everything. pedro garcia reports. ">>
is called open access. >> they say knowledge is power. government hasn't really kept up with all the changes. >> reporter: on this evening vargas was helping put together computer programs that would have not so traditionally radical intent of allowing oaklanders to find foreclosed homes and even find out which street drains are plugged up. oakland resident akerman spoke about getting open oakland in contact with young people living in the city. >> it was a big surprise to me when i moved to oakland and i found myself in the middle of a war zone. >> reporter: they're finding the digital divide may not be a real issue. >> there's a perception that the under class in oakland isn't using the internet and that they don't have access to it and informs they do. >> reporter: some young people in akerma's neighborhood used pictures to show off guns. >> well yeah, i google a lot of things. >> reporter: like what? >> like for instance right now we're looking for a place to live. >> reporter: lisa hernandez was cruising through the area of oakland known as deep east and to the rest of the area as east
the government could seize 10% of savings accounts banks have been closed but there has been a run on atm machines. >>> jerusalem, preparations under way for president obama's visit his first to israel he is scheduled to leave tomorrow. while the signs are out in israel that is not the case in palestinian territory. protestors tore down a billboard with the president's picture. he is expected to meet with israeli and palestinian leaders but not offer a grand peace plan. >>> in canada police arrested four people wanted in a daring daylight escape from a prison outside montreal yesterday. two men hijacked a helicopter and forced the pilot to fly over a prison where they dropped down a rope. two inmates climbed onboard. three suspects were captured and another arrested nearby. >>> incredible stunt captured on camera. why they decided to pull off this stunt very early in the morning. >>> tracking rain at 10:45 >>> a san francisco based, japanese diplomat was given a one year jail sentence. he attacked his wife with a screw driver once and another time with a laptop. he pleaded no contest as p
the government to overhaul the system and provide more case officers, more help. >> reporter: back in lafayette, people who live near this display are still reflecting on the war and its cost. >> i think the saddest part is the loss of life. >> reporter: according to the founder of this display the sign keeps tally of the more than 6700 u.s. troops who died in iraq and afghanistan. >>> newly revised numbers on california's job growth paint brighter picture than previously thought. the employment development department said 327,000 jobs were created in california last year. that's about 101,000 more than previously reported. the edd also says the state add 1700 new jobs in january. >>> about 230 people who work for palo alto drug makeerer losing their jobs as that company struggles. affymax is considering merging with another company. all of this comes after the company recalled its only drug. the job cuts mean a reduction of 75% of the company's work force. >>> wall street ended the day mixed. the dow gained 3 points. nasdaq dropped 8. earlier in the day -- a bankruptcy judge approved the sale
is feeding information to selective offensive forces to make them, nor effective against government troop. >>> phy for the first time in century a sit pope met with his predecessor. pope etmeritis benedict greeted newly installed pope francis outside of rome. benedict, who is 85 has been living at papal summer palace since retiring last moment the two prayed together and had a private meeting and lunch. the vatican says benedict gave pope francis a pleg of obedience. observers say it was meant to show there is no power struggle in the catholic church. >>> samplings from a tree that gave hope to anne frank will be planted in the u.s. including in the bay area. anne frank often wrote in her diary about the chestnut tree outside the house had he hid from the nazis in world war t. sprouts were sent to 11 locations including sonoma state university. the young trees will be planted in ceremonies next month. >>> preparing for the worst. hello? the words are going this way-there's no way. oh, the lights came on. isn't technology supposed to make life easier? at chase we're pioneering innovations
don't think the federal government should tell anybody how they should decide this. >> reporter: the supreme court will hear arguments about d.o.m.a. on wednesday. supreme court ruling are expected in june. >>> more details now on what the decision on prop eight could mean for california and the rest of the country. among the scenarios if the court strikes down prop-8 as a violation of constitutional rightings, same-sex marriage would become -- constitutional rights, same-sex marriage would become law. or they could decide states will decide. while those results are not clear cut, some legal experts think the lower court rulings would stand allowing same-sex couples to marry in california. >>> david stevenson will have live reports throughout the day. we will go in-depth on the case and gauge reaction from washington, d.c. to the bay area. >>> bay area postal workers fight to keep saturday delivery. where they say cuts could be made instead. >>> in pursuit, the charges a driver now faces after leading >>> a rally today in san francisco to stop plans to cut saturday mail delive
Search Results 0 to 15 of about 16

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